Bank Nifty still has room on upside.
Triangle formation on hourly chart, IF HDFC Bank starts moving tomorrow Bank Nifty is a buy.
KOTAK / ICICI Bank are in downtrend.
SBIN And Axis have just broken out of range.
Most importantly HDFC Bank has to come out of the range to perform and uplift Bank Nifty.
Triangle Formation on Nifty.
Any pullback to 11800 levels should be bought.
NIFTY IT is pulling up should support nifty with this push.
Bank nifty should support in this endeavor as well.
With whole market breadth so positive it is the best time to create a long.
Levels mentioned in the chart.
Symmetrical Triangle(Bear Direction)
Now are in the responsive move, this responsive move has much strength for a pullback.
Trading 11045 above, is bullish for targets 11208 and 11273 nearby as 38.2% retracement of total fall.
If you think for positive: Buy 11060-11080 stop loss 11050 below for the targets intraday R 11155 nearby and next targets 11208 and...